Paradeep Phosphates: Completion of Major Wave (5), Exit

Paradeep Phosphates, part of the Microcap 250, has been a favourite among traders and investors alike. The recent rally has been spectacular—but there are clear signals that this leg may be over.

Wave (4) was completed on March 3, 2025, after which the stock began forming Wave (5).
This final leg saw a classic Wave (5) extension, with sub-wave (1) itself extending—a rare but powerful pattern in Elliott Wave Theory.

From the low of Wave (4), the stock delivered over 180% returns in just 5 months.

Why a Top May Be In
The major wave 5 has now hit the 1.618 Fibonacci extension of wave 0–3 projected from wave 4.
Simultaneously, sub-wave (5) of Wave 5 has also reached the 0.382 fibo extension of wave (0)–(3) to (4).

These dual confluences at key fibo levels increase the probability that a significant top has been formed.

No New Longs – Exit Advised
This is not the time to initiate fresh long positions.

Since the stock is not in the F&O segment, shorting is not an option either.

Traders and investors are advised to exit and wait for a meaningful correction or a new setup to emerge.